FORGING AHEAD - Tradewinds Plantation Berhad

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188 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 30. PROFIT BEFORE TAX TRADEWINDS PLANTATION BERHAD Annual Report 2010 Group Company 2010 2009 2010 2009 (Restated) RM’000 RM’000 RM’000 RM’000 Profit before tax is arrived at after charging: Auditors’ remuneration: - statutory: - current year 410 392 47 45 - (over)/under-provision in prior year (1) 6 - - Company Directors’ remuneration: - fees 290 156 195 65 - other emoluments 644 448 644 448 - benefits-in-kind 25 25 25 25 Other Directors’ remuneration: - fees 243 226 - - - other emoluments 4 4 - - - benefits-in-kind 3 - - - Depreciation of property, plant and equipment (Note 7) 101,974 94,060 1,224 1,248 Contribution for Albukhary International University - 10,000 - - Finance costs: - subsidiaries - - 24,940 22,669 - ICULS 1,448 1,638 1,448 1,638 - term loans 12,968 13,343 - - - revolving credits 5,967 5,639 5,815 5,489 - Sukuk Ijarah 1,963 4,917 - - - Murabahah CP/MTN 4,760 5,036 - - Impairment loss on: - other receivables - 90 - - - investment in a subsidiary - - - 100 Inventories written down 209 173 - - Loss on disposal of property, plant and equipment - 2 - - Property, plant and equipment written off 875 177 806 - Realised loss on commodity swap - 2,813 - - Rental of premises 1,374 985 729 170
30. PROFIT BEFORE TAX (continued) And crediting: Group Company 2010 2009 2010 2009 (Restated) RM’000 RM’000 RM’000 RM’000 Reversal of impairment loss on: - quoted shares - 76 - - - unquoted shares - 105 - - Gross dividend income from subsidiaries - - 52,172 46,088 Gain on disposal of non-current assets held for sale 716 648 - - Gain on disposal of property, plant and equipment 822 136 173 - Gain on liquidation of an associate - 1,183 - - Finance income: - subsidiaries - - 30,459 29,778 - others 598 441 393 113 Rental income 786 1,238 - - 31. TAX EXPENSE Current tax expense based on results for the financial year: FINANCIAL STATEMENTS Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000 - Malaysian income tax 67,734 25,359 3,368 3,111 - (Over)/Under-provision of tax expense in prior year (2,970) (3,772) 129 (21) 64,764 21,587 3,497 3,090 Deferred tax (Note 26): - Current year 9,401 2,836 816 764 - (Over)/Under-provision in prior year (3,713) (470) 19 (2) 5,688 2,366 835 762 Total tax expense 70,452 23,953 4,332 3,852 TRADEWINDS PLANTATION BERHAD Annual Report 2010 189
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Level 9, Menara HLA No. 3, Jalan Ki
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CORPORATE GOVERNANCE 56 Statement o
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4 STATUTORY REPORTING NOTICE OF ANN
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NOTICE OF ANNUAL GENERAL MEETING AN
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8 STATUTORY REPORTING STATEMENT ACC
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GROUP FINANCIAL HIGHLIGHTS 2010 200
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STRATEGIC INVESTMENTS We will remai
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16 CORPORATE INFORMATION FINANCIAL
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18 CORPORATE INFORMATION CORPORATE
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20 CORPORATE INFORMATION BOARD OF D
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26 CORPORATE INFORMATION TRADEWINDS
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28 CORPORATE INFORMATION MANAGEMENT
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30 CORPORATE INFORMATION GROUP CORP
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STRATEGIC DIVERSIFICATIONS Through
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36 PERFORMANCE REVIEW CHAIRMAN’S
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44 PERFORMANCE REVIEW BuSINESS REvI
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BuSINESS REvIEW By CHIEF EXECuTIvE
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STRATEGIC EXPERTISE As our sights a
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56 CORPORATE GOVERNANCE STATEMENT O
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DIRECTORS’ REMUNERATION The remun
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68 CORPORATE GOVERNANCE AUDIT COMMI
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AUTHORITY The Audit Committee shall
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72 CORPORATE GOVERNANCE ADDITIONAL
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74 CORPORATE GOVERNANCE ADDITIONAL
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STRATEGIC INNOVATIONS We are commit
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80 CORPORATE SOCIAL RESPONSIBILITY
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STRATEGIC REACH We are increasing t
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DIRECTORS’ REPORT The Directors h
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DIRECTORS’ BENEFITS Since the end
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SIGNIFICANT EVENTS DURING THE FINAN
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STATEMENT BY DIRECTORS In the opini
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REPORT ON OTHER LEGAL AND REGULATOR
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LIABILITIES Non-current liabilities
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Group Company 2010 2009 2010 2009 (
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Equity Share Share component Retain
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CASH FLOWS FROM INVESTING ACTIVITIE
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NOTES TO THE FINANCIAL STATEMENTS 3
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4. SIGNIFICANT ACCOUNTING POLICIES
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5. ADOPTION OF NEW FRSs AND AMENDME
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Page 139 and 140: 5. ADOPTION OF NEW FRSs AND AMENDME
Page 149 and 150: 6. SIGNIFICANT ACCOUNTING ESTIMATES
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Page 153 and 154: 7. PROPERTY, PLANT AND EQUIPMENT (c
Page 161 and 162: 9. INVESTMENTS IN SUBSIDIARIES (con
Page 167 and 168: 11. INVESTMENT IN A JOINTLY CONTROL
Page 169 and 170: 13. GOODWILL ON CONSOLIDATION At co
Page 171 and 172: 15. TRADE AND OTHER RECEIVABLES FIN
Page 173 and 174: 15. TRADE AND OTHER RECEIVABLES (co
Page 175 and 176: 17. NON-CURRENT ASSETS HELD FOR SAL
Page 177 and 178: 19. RESERVES (continued) (c) Supple
Page 179 and 180: 21. BORROWINGS Current liabilities
Page 181 and 182: 24. IRREDEEMABLE CONVERTIBLE UNSECU
Page 183 and 184: 25. ISLAMIC DEBT SECURITIES - SECUR
Page 185 and 186: 26. DEFERRED TAX (continued) Recogn
Page 187 and 188: 27. TRADE AND OTHER PAYABLES Trade
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Page 193 and 194: 32. EARNINGS PER ORDINARY SHARE ATT
Page 195 and 196: 34. ACQUISITION OF SUBSIDIARIES 201
Page 197 and 198: 34. ACQUISITION OF SUBSIDIARIES (co
Page 199 and 200: 35. OPERATING SEGMENTS (continued)
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Page 203 and 204: 36. FINANCIAL INSTRUMENTS (continue
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Page 207 and 208: 37. FINANCIAL RISk MANAGEMENT OBJEC
Page 213 and 214: 38. RELATED PARTY DISCLOSURES (cont
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Page 217 and 218: 42. SIGNIFICANT EVENTS SUBSEQUENT T
Page 219 and 220: 44. OPENING STATEMENT OF FINANCIAL
Page 221 and 222: PLANTATION REvIEW OIL PALM 2010 200
Page 223 and 224: mATERIAL PROPERTIES Of TRADEWINDS P
Page 225 and 226: Company/ Location/Address HS(D) 389
Page 227 and 228: Company/ Location/Address Country L
Page 229 and 230: Company/ Location/Address Lot No. 0
Page 231 and 232: ANALySIS Of SHAREHOLDINgS AS AT 25
Page 233 and 234: LIST OF THIRTY (30) LARGEST SHAREHO
Page 235 and 236: ANALySIS Of IRREDEEmABLE cONvERTIBL
Page 237 and 238: SUBSTANTIAL ICULS HOLDER Name Direc
Page 239 and 240: SOUTHERN PENINSULAR REGION Regional
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MIRI REGION Regional Office c/o Lad
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Proxy Form I / We _________________
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